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Markets and Finance
Rupee spurts 20 paise to end at 7-month high on robust foreign inflows

The rupee appreciated by 20 paise to close at a seven-month high of 69.34 against the US dollar Thursday, extending gains for a fourth session in a row, on robust foreign inflows ahead of general elections. The domestic currency in the four sessions to Thursday has appreciated by 80 paise or 0.8 percent on hopes of forex inflows. "Rupee and sovereign bonds have recovered from day's low and turned positive even after RBI's plan to inject USD 5 billion liquidity via three-year foreign exchange swap auction," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

News Source:- https://www.moneycontrol.com/news/business/markets/rupee-spurts-20-paise-to-end-at-7-month-high-on-robust-foreign-inflows-3649261.html